
First Carolina Financial Services, Inc. (&#34;First Carolina&#34; or the &#34;Company&#34;), the holding company for First Carolina Bank (&#34;Bank&#34;), announced today that it had the distinct opportunity to visit

<p xmlns="http://www.w3.org/1999/xhtml">
First Carolina Financial Services, Inc. ("First Carolina" or the "Company"), the holding company for First Carolina Bank ("Bank"), announced today that it had the distinct opportunity to visit the New York Stock Exchange ("NYSE") last week in celebration of its initial public offering ("IPO"). The Company’s Chairman, President, and CEO, Ron Day, led the occasion by ringing the bell for the Company’s first trade and then the closing bell on Thursday, joined by members of the executive leadership team and representatives from the Board of Directors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Listing on the NYSE is an exciting step for First Carolina, and we are thrilled to kick off our IPO with key members of our team present for the ringing of the closing bell," Day said. "This is a meaningful and commemorative milestone for the Company, as it reflects the strength of our business and gives us the resources to continue growing in the markets we serve."

</p><p xmlns="http://www.w3.org/1999/xhtml">
First Carolina is now listed on the NYSE under the ticker symbol "FCBM."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">About First Carolina Financial Services, Inc.</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank that provides financial services for businesses, higher education institutions, and individuals. First Carolina offers a range of deposit and loan products and trust services. First Carolina is headquartered in Raleigh, North Carolina with full-service banking offices in Rocky Mount, Raleigh, Wilmington, Cary, and Reidsville, North Carolina; Virginia Beach, Virginia; Columbia and Greenville, South Carolina; and Atlanta, Georgia. To learn more about First Carolina Bank, please visit our website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firstcarolinabank.com&amp;esheet=54558419&amp;newsitemid=20260622095434&amp;lan=en-US&amp;anchor=www.firstcarolinabank.com&amp;index=1&amp;md5=779f9d29e712ccc4219dc6e320cfdbd8" shape="rect">www.firstcarolinabank.com</a>.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Company Note Regarding Forward-Looking Statements</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">This press release contains, and future oral and written statements by us and our management may contain, forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan" or words or phases of similar meaning. We caution that the forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control. Such forward-looking statements are based on various assumptions (some of which may be beyond our control) and are subject to risks and uncertainties, which change over time, and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to: adverse developments in our borrowers’ industries and, in particular, declines in real estate values; our ability to maintain compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed by our business; our ability to manage growth; the loss of any of our key employees; changes in the interest rates affecting our deposits, loans, and securities portfolio; our ability to maintain adequate liquidity and control our cost of funds; the strength of the economy in our current and future market areas, as well as general economic, market, or business conditions; negative developments in the financial industry and credit markets; an insufficient allowance for credit losses as a result of inaccurate assumptions or otherwise; the ability of our current and any future markets to weather a downturn in the economy; our potential growth, including our entrance or expansion into new markets, the opportunities that may be presented to and pursued by us and the need for sufficient capital to support that growth; changes in our competitive position, competitive actions by other financial institutions and the competitive nature of the financial services industry and our ability to compete effectively against other financial institutions in our banking markets; changes in laws, regulations and the policies of federal or state regulators and agencies; governmental monetary and fiscal policies, including the policies of the Federal Reserve; our ability to maintain internal control over financial reporting and an effective risk management framework; our effective use of technology or an interruption or breach in security of our information systems; our reliance on secondary sources, such as FHLB advances, sales of securities and loans, federal funds lines of credit from correspondent banks and out-of-market time deposits, to meet our liquidity needs; inaccurate or incomplete information about our clients; our ability to assess and manage our asset quality; natural disasters, pandemics or other public health crises, geopolitical events and conflicts, war, terrorist activities or civil unrest and their effects on the economic and business environments in which we operate; risks associated with unauthorized access, and cyber-crime and other threats to data security. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260622095434r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260622095434/en/" rel="nofollow">https://www.businesswire.com/news/home/20260622095434/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Kristen Brabble
<br xmlns="http://www.w3.org/1999/xhtml"></br>Chief Operating Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br>252-451-2964
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br>Diane Fitzgibbons
<br xmlns="http://www.w3.org/1999/xhtml"></br>The IR Group
<br xmlns="http://www.w3.org/1999/xhtml"></br>206-388-5789

</p>

FCBM

First Carolina Financial Services Rings NYSE Closing Bell to Celebrate Initial Public Offering

First Carolina debuts on NYSE as FCBM following IPO

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>First Carolina Financial Services, Inc. (&amp;#34;First Carolina&amp;#34; or the &amp;#34;Company&amp;#34;), the holding company for First Carolina Bank (&amp;#34;Bank&amp;#34;), announced today that it had the distinct opportunity to visit</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>First Carolina Financial Services has listed on the NYSE under the ticker FCBM, with its CEO ringing both the opening and closing bells. The IPO marks a liquidity and growth milestone for the Raleigh-based bank holding company, potentially broadening access to capital and attracting institutional interest. Near-term price action will hinge on IPO demand and post-listing trading dynamics.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>First Carolina lists on NYSE; ticker FCBM.</li><li>CEO Ron Day rings opening and closing bells.</li><li>HQ in Raleigh; nine offices across NC/VA/SC/GA.</li><li>Forward-looking statements and risks cautioned in the release.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>First Carolina Financial Services, Inc. (FCBM)</strong>: IPO listing on NYSE; marks liquidity milestone and potential for growth funding.</li><li><strong>New York Stock Exchange (NYSE)</strong>: Venue for the listing; enhances liquidity and visibility for FCBM.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The IPO listing on NYSE represents a strategic financing and governance milestone that could influence liquidity, access to capital, and growth initiatives for FCBM’s bank subsidiary.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>FCBM begins trading on the NYSE, initiating price discovery.</li><li>IPO-driven liquidity and investor interest could drive near-term moves.</li><li>No pricing details disclosed; performance tied to loan growth and deposits.</li><li>Market reception to the first-day and early-session price action will matter.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>First Carolina Financial Services, Inc. announces NYSE listing; ticker FCBM.</li><li>Headquartered in Raleigh, NC; nine offices across NC/VA/SC/GA.</li><li>Offices: Rocky Mount, Raleigh, Wilmington, Cary, Reidsville (NC); Virginia Beach (VA); Columbia, Greenville (SC); Atlanta (GA).</li><li>Ron Day, Chairman/CEO, led opening and closing bell ceremony.</li><li>Forward-looking statements and risk factors cautioned in the release.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Expect initial volatility as IPO liquidity unfolds; potential upside over 1–3 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
First Carolina Financial Services, Inc. ("First Carolina" or the "Company"), the holding company for First Carolina Bank ("Bank"), announced today that it had the distinct opportunity to visit the New York Stock Exchange ("NYSE") last week in celebration of its initial public offering ("IPO"). The Company’s Chairman, President, and CEO, Ron Day, led the occasion by ringing the bell for the Company’s first trade and then the closing bell on Thursday, joined by members of the executive leadership team and representatives from the Board of Directors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Listing on the NYSE is an exciting step for First Carolina, and we are thrilled to kick off our IPO with key members of our team present for the ringing of the closing bell," Day said. "This is a meaningful and commemorative milestone for the Company, as it reflects the strength of our business and gives us the resources to continue growing in the markets we serve."

</p><p xmlns="http://www.w3.org/1999/xhtml">
First Carolina is now listed on the NYSE under the ticker symbol "FCBM."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">About First Carolina Financial Services, Inc.</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank that provides financial services for businesses, higher education institutions, and individuals. First Carolina offers a range of deposit and loan products and trust services. First Carolina is headquartered in Raleigh, North Carolina with full-service banking offices in Rocky Mount, Raleigh, Wilmington, Cary, and Reidsville, North Carolina; Virginia Beach, Virginia; Columbia and Greenville, South Carolina; and Atlanta, Georgia. To learn more about First Carolina Bank, please visit our website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firstcarolinabank.com&amp;esheet=54558419&amp;newsitemid=20260622095434&amp;lan=en-US&amp;anchor=www.firstcarolinabank.com&amp;index=1&amp;md5=779f9d29e712ccc4219dc6e320cfdbd8" shape="rect">www.firstcarolinabank.com</a>.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Company Note Regarding Forward-Looking Statements</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">This press release contains, and future oral and written statements by us and our management may contain, forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan" or words or phases of similar meaning. We caution that the forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control. Such forward-looking statements are based on various assumptions (some of which may be beyond our control) and are subject to risks and uncertainties, which change over time, and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to: adverse developments in our borrowers’ industries and, in particular, declines in real estate values; our ability to maintain compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed by our business; our ability to manage growth; the loss of any of our key employees; changes in the interest rates affecting our deposits, loans, and securities portfolio; our ability to maintain adequate liquidity and control our cost of funds; the strength of the economy in our current and future market areas, as well as general economic, market, or business conditions; negative developments in the financial industry and credit markets; an insufficient allowance for credit losses as a result of inaccurate assumptions or otherwise; the ability of our current and any future markets to weather a downturn in the economy; our potential growth, including our entrance or expansion into new markets, the opportunities that may be presented to and pursued by us and the need for sufficient capital to support that growth; changes in our competitive position, competitive actions by other financial institutions and the competitive nature of the financial services industry and our ability to compete effectively against other financial institutions in our banking markets; changes in laws, regulations and the policies of federal or state regulators and agencies; governmental monetary and fiscal policies, including the policies of the Federal Reserve; our ability to maintain internal control over financial reporting and an effective risk management framework; our effective use of technology or an interruption or breach in security of our information systems; our reliance on secondary sources, such as FHLB advances, sales of securities and loans, federal funds lines of credit from correspondent banks and out-of-market time deposits, to meet our liquidity needs; inaccurate or incomplete information about our clients; our ability to assess and manage our asset quality; natural disasters, pandemics or other public health crises, geopolitical events and conflicts, war, terrorist activities or civil unrest and their effects on the economic and business environments in which we operate; risks associated with unauthorized access, and cyber-crime and other threats to data security. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260622095434r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260622095434/en/" rel="nofollow">https://www.businesswire.com/news/home/20260622095434/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Kristen Brabble
<br xmlns="http://www.w3.org/1999/xhtml"></br>Chief Operating Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br>252-451-2964
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br>Diane Fitzgibbons
<br xmlns="http://www.w3.org/1999/xhtml"></br>The IR Group
<br xmlns="http://www.w3.org/1999/xhtml"></br>206-388-5789

</p>

First Carolina Financial Services has listed on the NYSE under the ticker FCBM, with its CEO ringing both the opening and closing bells. The IPO marks a liquidity and growth milestone for the Raleigh-based bank holding company, potentially broadening access to capital and attracting institutional interest. Near-term price action will hinge on IPO demand and post-listing trading dynamics.

First Carolina Financial Services Rings NYSE Closing Bell to Celebrate Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News